Sell with Confidence
Read More
News

Rental Market Strengthens in Ballarat

By Sarah Wilson

The June residential rental vacancy rate for Ballarat has decreased to 2.6%, from 2.8% in May according to the latest figures released by the Real Estate Institute of Victoria.

Ballarat’s median rent for houses decreased to $330 per week for June, from $340 per week in May and units/townhouses remained the same at $280 per week.

The Regional Victorian vacancy rate dropped from 2.0% to 1.8% over the month, however median house rents still remained unchanged on $350 per week while units rose $5 to $300 per week.

In Geelong, house rental prices went up by $10 to $400 per week while house rents in Bendigo fell by $10 to sit at $320 per week.

The vacancy rate in Melbourne increased again to 3.0% from 2.8% in May, median rents for houses in Metro Melbourne also increased, $13 to $473 per week and the median rent for units also increased, $10 to $420 per week.

Source: REIV

Up to Date

Latest News

  • Little Ray of Giving is Back For 2024!

    This festive season, Ray White will continue its successful charity drive ‘A Little Ray of Giving’ for the thirteenth year running. This holiday campaign is a tradition for the brand, and serves as an opportunity for hundreds of local branches to connect with their communities while raising awareness and much-needed … Read more

    Read Full Post

  • Ray White Now – September 2024

    Australian house and unit prices continue their upward trend this month, albeit at a slower pace. Both housing types saw a modest 0.2 per cent appreciation. However, the market is exhibiting greater diversity across states and regions, reflecting varying local economic conditions. July’s CPI results indicate a continued downward trend, … Read more

    Read Full Post